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2016
Wrocław University of Economics
Wrocław 2016
Editors
Ewa Knichnicka
Aleksander Mercik
Verified by Elżbieta Macauley,
Tim Macauley and Ewa Kania
Graphic design: Maciej Szłapka
Argumenta Oeconomica is covered in Thomson Reuters services:
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Social Sciences Citation Index
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Social Scisearch
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Journal Citation Reports/ Social Sciences Edition
and in Elsevier service
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Copyright © 2016 Wrocław University of Economics
300 copies
TABLE OF CONTENTS
I. ARTICLES
Ines Kersan-Škabić
PUBLIC DEBT AND INTEREST RATE SPREAD IN THE EUROPEAN UNION... 5
Oguzhan Ozcelebi, Nurtac Yildirim
EXCHANGE RATES AND STOCK PRICES: HOW DO THEY INTERACT IN EASTERN EUROPE?... 31
Paweł Miłobędzki
HOW DO TERM PREMIA CHANGE OVER TIME? EVIDENCE FROM THE US DOLLAR LIBOR DATA USING A FOURIER APPROXIMATION………... 67
Gordana Marjanović, Vladimir Mihajlović
AN ANALYSIS OF THE FACTORS OF NAIRU DYNAMICS IN SELECTED OECD COUNTRIES………... 87
Eu Chye Tan, Chor Foon Tang
GROWTH OF SELECTED EAST ASIAN ECONOMIES: THE STRENGTH OF THE LINKS TO THE US AND EUROPE………..…. 105
Aneta Hryckiewicz-Gontarczyk
BANK ACTIVITIES AND THEIR RISK. DOES AN OPTIMAL MODEL EXIST IN BANKING? ………... 125
Lidia Danik
PERCEIVED INTERNATIONAL COOPERATION BARRIERS AND THE RELATIONSHIP QUALITY – EMPIRICAL STUDY ON POLISH SMEs COOPERATING WITH PARTNERS FROM CHINA AND GERMANY... 165
Emmanuel O. Nwosu, Anthony Orji
ACCESS TO FORMAL CREDIT AND ENTERPRISE PERFORMANCE IN NIGERIA: A GENDER PERSPECTIVE... 191
Krzysztof Jackowicz, Łukasz Kozłowski, Paweł Mielcarz
FINANCIAL CONSTRAINTS IN POLAND. THE ROLE OF SIZE AND POLITICAL CONNECTIONS……… 225
Alicja Sekuła, Beata Basińska
MORE FREEDOM – MORE INVESTMENTS. THE RELATIONSHIP BETWEEN THE EXTENT OF FISCAL AUTONOMY WITH RESPECT TO OWN REVENUES AND INVESTMENT EXPENDITURES OF POLISH COMMUNES AND CITIES WITH COUNTY RIGHTS……….. 241
Rafał Sieradzki, Piotr Zasępa
UNDERPRICING OF PRIVATE EQUITY/VENTURE CAPITAL BACKED IPOs. DO THEY DIFFER FROM OTHER OFFERS?……….. 261
II. REVIEWS AND NOTES
Estera Piwoni–Krzeszowska: ZARZĄDZANIE WARTOŚCIĄ RELACJI PRZED-SIĘBIORSTWA Z RYNKOWYMI INTERESARIUSZAMI
[
MANAGING THE VALUE OF CORPORATE RELATIONSHIPS WITH MARKET STAKEHOLDERS]
(Szymon Cyfert)………...… 291
Ilona Kwiecień: EKONOMICZNA ANALIZA DOCHODZENIA ROSZCZEŃ O ZADOŚĆUCZYNIENIE ZA SZKODY NA OSOBIE Z UBEZPIECZEŃ ODPO-WIEDZIALNOŚCI CYWILNEJ [AN ECONOMIC ANALYSIS OF COMPENSATION CLAIMS FOR PAIN AND SUFFERING IN CASES OF BODILY INJURY UNDER LIABILITY INSURANCE](Jacek Lisowski)……….…... 294 Marcin Brol: EKONOMICZNE, INSTYTUCJONALNE I KULTUROWE UWA-RUNKOWANIA KORUPCJI [ECONOMIC, INSTITUTIONAL AND CULTURAL DETERMINANTS OF CORRUPTION] (Marian Gorynia)………...…….. 298
